Keller Group plc (“Keller” or “the Group”), the international ground engineering specialist, today announces a trading update for its financial year ended 31 December 2005.
Since reporting in October that 2005 would be an outstanding year for Keller, the Group as a whole has continued to perform strongly in the final quarter.
The US businesses have maintained their exceptional performance and the integration of Donaldson, the $10.5m (£6.0m) US acquisition announced in October, is proceeding well. In the UK, Makers has continued to experience delays in getting work onto site which have thwarted the expected second-half improvement. However, the business has ended the year with a strong order book. Elsewhere, the Group has continued to perform in line with expectations. Accordingly, the Board expects Keller’s results for the year to be around the top end of the range of market expectations.
The Group enters 2006 with a record order book, representing about five months’ sales.
Keller intends to announce its preliminary results on Monday, 6 March 2006.
Justin Atkinson, Keller Chief Executive, commented:
“2005 has been an outstanding year for Keller and we enter 2006 in good shape.”